Solution Manual for Entrepreneurial Finance | J. Chris Leach & Ronald W. Melicher

123456 27897493 2
 


39!
"
89!
#$%&'()*+,+-*"
./15

,
01234568
9  9  9       
 
15363541

64
123456
43655
42
56
5 1245
465365
56
2!

2

5

2"4#$
%

&51354

5'4'415
(3642

5
%5642
%

&2
%233!'

&
5
465365
56
2!

2

5(541%2
%4!415!35
652
5
465365
56
2!5
465


5!#
)53655
42!
5
'
!523362
14415452
1

&5
465365
56
2!

2

515655
56
5
46535624

&2
%

2


2!%5



2
5%"'4155
465365
56225
46536&6556(
2

%52416&1412654

&4155
465#

* 9 +,- 9.
/08#8101262
456
254155
465365
56
2!36
5#
/08#3145
6
"55
465365
561
32
%(5
1262
456
4

5
465365
56#
/08#51$
%

2455562!(5&2465
%36
%

&255
465365
56
2!3364

4
5#
/08#61/
42
%%5
6
"541555
36



3!55
465365
56
2!

2

5#
/08#714

5
465365
56
2!

2

52
%4156!5415

2


2!(2
2&56#
89:;<=>:?@ABCDE@:FG@:HICDJKA:AFIL@A:JM:I:AKBB@AAMKN:H@OFKC@PA:NDM@:BQBN@<
/08#R1$%5
4
'S"'!
5
'
!542&5S41565!52
44'35

2



&2
%

546#
/08#T1U
%5642
%415!
5
'
!523362
15%

41
"V#

W   *9 
8#8XYZZ[\Z]\Z[ZU\$^/]\00Z__
8#3XZ[\Z]\Z[ZU\_Y$]`U[4^aZ[^/_
^#X)1
2
Z
465365
56b
c#Xc2

45


4


0#XZ
465365
56
2!62
4601262
456
4


4#X03364

4
5Zd
4c4[4)
414\
V
8#5X_0U\0Z_0`Z[\Z]\Z[ZU\$^/0]]0\U[$$Z_
^#X_

542!012
&5
c#X45(&6231

012
&5
0#X5
1
!&

2!012
&5
4#XZ(56&

&Z

(
52
%e!"2!012
&5
Z#X06
52
%fgKEEN@Ah
`#X4
634
5$

24




8

,
,

0
2345678
9
44
243




2





 


!"

"2


"74#
$%&4#
4'
4(4
24564
&%6
)7
767'
*8&
 78
+8(57
,-

./
4'

057(67'
748'

$4'

$4'
+8(57
,0-

2137
"((%6

637

4 %47
*
.%7#
243

637
2%887(2
+8(57
,3-

47
576%87
4(
667

748(3#
7646#
4'
864(2
+8(57
,-


"
789:;<8=>
4(4
)?7(667

6
(8747
54%7
+8(57
,@-

6

44 78%
6
"%&7
6346
757
"(6
" 46
378


7*A67876

+8(57
,9-

B576%87
23484(678
4'
75%646
(4
)7
"76
8

4)67
+8(57
,C-

@




 


!"

"2


9 $


!22


!

5
 !




2D2



"47675&76

647

.
6486%5

647

2
%8664

647

445'AB863

647



482A 46%862

647


*7
22(7

647
4'
637

6875877%84
8(7

C"2B
$!B$
$

5
 !




2D2



"
77'
4(

.
6486%5
4(

286A%'
4(

4
7('A%'
4(


 7EE47
4(


F%'62A
647
4(

B
747'
4(

G


2D2


""2$


"2$B

 


!"

"2



! "D



HIJKLJJIMNOPLQJRIMNJOSNHOSNJTQUJO
VWXYZ[\]^_]\Z`]`a\b`cb`a`db^[e]cbfg`__h]
]
37
76875877%84
58(7
(&587
'7675
5586%67#
46378
87%8(7#
4'

&44
4'
)%'
57846
63
637
4
*
(8746
64%7

iWXYZ[\]^_]`a\b`cb`a`db_Z^ch]YZ[\][b`]_fj`]k[_^g]gZ[b[g\`b^_\^g_]fl]`a\b`cb`a`db_h]
]

6875877%835

637
58(7
*
(34 
'74
6
(&&78(4
5586%67
4'
(8746

64%7
137
63787


586625(4
76875877%8#
&42
487
'
46
87( E

(&&78(4
5586%67#
67'
6
)7
56&6(#
4'
76
4
54
*8
637
*%6%87



mWXYZn]of]kd_^a`__`_]gef_`]fb]g`[_`]fc`b[\^aph]YZ[\][b`]\Z`]cb^j[bn]b`[_fa_]qZn]kd_^a`__`_]
l[^eh]